Novacyt (LON:NCYT) Trading Down 2% – What’s Next?

Novacyt S.A. (LON:NCYT)’s stock price fell 2% on Monday . The stock traded as low as GBX 32.60 and last traded at GBX 32.60. 31,372 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 50,147 shares. The stock had previously closed at GBX 33.25.

Novacyt Stock Down 4.6%

The company has a current ratio of 5.03, a quick ratio of 4.46 and a debt-to-equity ratio of 26.81. The firm has a market capitalization of £22.54 million, a P/E ratio of -0.72 and a beta of 1.06. The company’s fifty day simple moving average is GBX 34.02 and its 200 day simple moving average is GBX 36.71.

About Novacyt

Novacyt is an international molecular diagnostics company providing a broad portfolio of integrated technologies and services, primarily focused on the delivery of genomic medicine. The Company develops, manufactures, and commercialises a range of molecular assays and instrumentation to deliver workflows and services that enable seamless end-to-end solutions from sample to result across multiple sectors including human health, animal health and environmental.

The Company is divided into three business segments:

Clinical
Broad portfolio of human clinical in vitro diagnostic products, workflows and services focused on three therapeutic areas:
· Reproductive Health: NIPT, Cystic Fibrosis and other rapid aneuploidy tests
· Precision Medicine: DPYD genotyping assay
· Infectious Diseases: Winterplex, multiplex winter respiratory PCR panel

Instrumentation
Portfolio of next generation size selection DNA sample preparation platforms and rapid PCR machines, including:
· Ranger® Technology: automated DNA sample preparation and target enrichment technology
MyGo: real-time quantitative PCR (qPCR) instruments

Research Use Only
Range of services for the life sciences industry:
· Design, manufacture, and supply of high-performance qPCR assays and workflows for use in human health, agriculture, veterinary and environmental, to support global health organisations and the research industry
· Pharmaceutical research services: whole genome sequencing (WGS) / whole exome sequencing (WES)

Novacyt is headquartered in Vélizy-Villacoublay in France with offices in the UK (in Stokesley, Eastleigh and Manchester), Taipei, Singapore, the US and Canada and has a commercial presence in over 65 countries.